Topic: People are panic buying right now! (Read 1808 times)

Panic buying would always be seen on times on where the market is really  moving up which people didnt really want to miss up the train that

they are currently seeing that the price is going up or everything on the market or community is really hyping up something which as a common trader or investor you would really get easily hooked up when youre inexperienced.

Emotion handling is crucial on these times because you wouldnt know if you had done the right or wrong step.

@OP, it wasn't panic buying but IMHO a counter move by one institution to beat another institution's short. BTC was going high so quick that it needed a correction because there were very big order blocks with lots of liquidity available downside, due to which they took the liquidity and in a very small timeframe, other institutions broke their silence in driving the price back to a new ATH. Correction is a part of everything, nothing can go straight up or straight down.

Big investors will not be affected by anything but when they want to do something there must be an influence on market movements, with that the average panic is indeed traders who try with a short time and they will really panic if there is something let alone a decline whether to buy or wait of course this will become restless but it's still a lot like this even beginners can feel it.
Big investors will sit back and watch how other traders react to the market being corrected and will inevitably panic buy or sell.

One thing to be done if you are not an investor that only hodls for long term is to be prepared before jumping into this industry. Even investors that hodl for long term invests in knowledge. So it would be best to have knowledge first and then train yourself to have proper discipline and have a plan that you strictly follow. Because without these, anyone is bound to lose. Yes, the lottery like lucky moments do but it doesn't hapoen offen nor does it cost cheap. The vast majority of ordinary traders like most of us are better off chipping out but by but from that pile of gold persistently and patiently. And how can we do this? Knowledge, experience and wisdom!

- Remember, survivor bias is real; you will always hear about the jackpot winners but not about the ones who have gotten their life savings liquidated.

- on a side note, comparing the RSI levels from the previous ATHs to the one that just happened recently last month, I can say that we really have a huge chance to reach 72k+ then 80k+ this year heck, we may even reach 100k and beyond if we break that 100k psychological resistance this year or in the 1st quarter next year. What I am saying is that bitcoin still has a lot of wiggle room. The big whales and big institutions are probably just stacking up on cheap prices. And as more bug names decide to swarm bitcoin, the current circulating supply is too little. Just keep that in mind.

Now about the retracements happening, don't stress too much about it. People at some point will take profits and that's fine, it doesn't mean it's the end of the world. If you really know about the potential of not just bitcoin but this whole industry, you will be at ease knowing that this is just another cycle within a bigger cycle in the crypto market. And if that doesn't cut it, zoom out and see how the charts show you how insignificant a few minutes, hours, days, weeks, and months are.

-hope this helps the beginners.

Some of the big investors can wait long time because they are not in a hurry to cash out their investments.
Whereas, for small investors or traders, it is like their bread and butter, so panic mode is quite normal when they see the price declining or rising.
And most of the time, people are buying when they see the price is going up, it should also be the other way around.
When we see it going down, it is good time to buy. However, it may be true with bitcoin but for other alts, you need to do some evaluation.

It seem that panic is more synonymous with traders than with big investors. People experienced in bitcoin investing know that when there is a price correction, they just have to sit back and enjoy it. If they have more capital then they will also buy more bitcoins at low prices so when the price rebound they will get double return. Market correction and recovery cycles are very common, so when we pay attention to them, we can also take advantage of them.

Panic buying without using any indicator to know what is possible to happen in the next few days is too risky, this is normal to many investor who just rely in news or media not knowing any risk they are facing when market corrected. I also experienced this feeling when your in a hurry to buy it regardless of price and later disappointed because its just a fake breakout, happened many times to me before but now I learned how to control my emotion and think properly before doing any trades.

Got carried away and that's what whales wanted to see, let those buyers to fomo and buy from the peak after that, whales will start creating

artificial dump, shaking the market and make things look real, those unaware investors who are just here in hope that they will earn will turned out to be the victims of this spike, the next thing we see is the dump will create serious damage and weak holders will easily be move to sell out.

Fuds will take place and bear will show some dominance, before engaging yourself, make sure that you already done with all the possible information
to lessen your chance to lose your money following those panic buyers.

and week after your post, bitcoin goes back to 60k and above and even making another ATH at 66k so meaning those alarm like 100k-150k might happen depend to how much the investors and the market goes now.
But this makes the market grows, when panicking act the other investors grab the opportunity to purchase in lower prices.

When cryptocurrencies become the talk of many people because their prices continue to increase, many people are competing to buy bitcoins and altcoins at very high prices, even though they have no idea what cryptocurrency is. They hope to be rich suddenly like other people who have bought it first. this is called the FOMO phenomenon. People are so excited about the prospect that bitcoin brings. Moreover, with the prediction that bitcoin's rise could reach even higher in the next few years that they get from the news, they think they are afraid of missing out on the opportunity to get a lot of money. So people who panic like that, usually focus more on the positive side than the negative side without having enough knowledge. So, it is very easy to get carried away with the possibilities that can come from bitcoin for those who invest or trade without having sufficient knowledge.

4 hours ago Elon Musk has posted a picture in his twitter account where we clearly "BTC $69,000" is seen. This post immediately got a wild response. I expect people to start making rush purchases if not in few hours (some of them just woke up and need time to think out that info), then at least today-tomorrow, as they expect previous year event to repeat.

What do you think? Can this scenario be true ?

As predicted by many experts that bitcoin will have a breakthrough during the 4th quarter of 2021, and indeed bitcoin did break its own record reaching an ATH and now it's already playing with a value of $67k. The Russian government did gave a huge positive impact on crypto currency especially bitcoin and gave its citizens freedom to mine and transact crypto.

And indeed mate, bitcoin won't vanish but rumors do. No one can destroy bitcoin even if it's a super-power country like China, although it can make the value rise or fall depending what a leader of specific country would say.
Bitcoin plays a huge role in our economy across the world these days, it gives us hope to defend ourselves against inflation and gave us more secure, fast and hassle-free transactions.

I don't think so, they are just waiting for the right moment to buy. it is very difficult to determine the lowest price when in bear market conditions. this is the same as when many people missed the $29k moment because indeed many people did not expect the bitcoin price to recover so quickly.

Frothy price action should come with more volume I'd have thought but maybe it doesnt show on every exchange because we have new avenues to buy with.   The BTC price has been rising the whole month, if it stays on that pattern it should clear above 70k by month end.  I'm just watching it holds 62.6k as a low in order there is no great challenge to that progress.

If you don't have any idea following fomos will surely lead you losing your money.

Before you jump into conclusion best to practice performing your research,
the deeper you understand the market the best chance that you will

find the best timing for your investment, like with your perception it's only
good to ride when the market is hyping and you know when to sell

before things went to correction or complete dump session, you will get
something decent if you made it the right way.

panic buying is not alarming instead this become a trending way for investors and also whales manipulator to make money in short term.
Best that when Panic buying starts take a distance first and wait for the outcome because surely the Dumping will follow after this trend.
Vanishing of Bitcoin? for waht reason and why?

Bitcoin is here to stay , here to provide , and here to help the world.

Right Bitcoin will never be vanish, this is the money future that's why i don't believe those who will say that Bitcoin will gonna end. Bitcoin pump wright now is the prof of it, and it is another big slap to Bitcoin haters.

Panic buying do happen whenever there is pump in the price of Bitcoin and other crypto currency and it happened that most of the people that are doing this are newbie who are despirat to make money and they will ended up loosing more money. If one don't know how the market price of Bitcoin mover over time you will ended up buying at the wrong with and equally sell the wrong with too.

Many people used to assume that Bitcoin would continue to be bearish and they refrained from buying when the price was falling, but they already regretted not buying at the right time, if buying when the price was cheap would have made a lot of profit. but they have to panic buy at prices that have soared.

the holder is a winner, this is a great sentence. those who buy at high prices, as long as they don't sell their assets there will be no loss. everyone who wants to invest in crypto must understand and be aware of which assets fall into the volatile asset category.

when they invest in volatile assets then never sell them when the value of the asset decreases, it's better to just hold on and believe the price will rise again.